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Portea Medical Invests in Health Tech Startup PSTakeCare

Portea Medical, Indian home healthcare company has picked up majority stake in health-tech startup,PSTakeCare, whose platform connects key stakeholders in the healthcare delivery ecosystem. Through a combination of comprehensive information, analytics and consumer feedback, PSTakeCare places decision-making power in the hands of patients. Other details of the investment are are disclosed. The investment in PSTakeCare follows Portea’s…

PM Modi Announces Three Year Tax Holiday, Rs. 10,000 Crore Fund For Startups

Narendra Modi, Startup India

Prime Minister Narendra Modi on Saturday announced opening app-based registration for companies to be completed in a single day, a startup fund of Rs. 10,000 Crore and waiver of capital gains tax for startups among the several allowances that government has decided to make for startups. “There will be no income tax on startups’ profits…

My Child App, run by 19-year olds, raises funding of $100,000 led by 500Startups and other angel investors

My Child App has raised funding of $100,000 led by 500Startups, angel investors like Samir Bangara, Anisha Mittal, Amit Gupta, Pallav Nadhani, Lalit Mangal, Arihant Patni, Dr. Ritesh Malik, Deobrat Singh, Saurab Paruthi, and Singapore Angel Network. With this round of funding, the company aims to work on their technology and product. My Child App…

Jakarta’s HappyFresh gets $12M more in the bag to boost grocery delivery in Asia

happyfresh, jakarta grocery

Indonesia-based grocery delivery app HappyFresh announced today it raised US$12 million in a series A funding round led by Vertex Ventures, the venture arm of Temasek Holdings and Sinar Mas Digital Ventures (SMDV), the venture arm of Indonesia’s Sinar Mas Group. Other participating investors include Asia Venture Group, Beenext, Ardent Capital, 500 Startups, and Cherry…

Online meal delivery startup SpoonJoy raises $1 million from SAIF partners

spoonjoy, funding news

Bangalore-based Emvito Technologies Pvt Ltd, which operates SpoonJoy, a subscription-based online platform that allows office goers and other consumers order meal packs such as set cut-fruit packs, has raised $1 million from SAIF Partners. With the new round of funding, SpoonJoy plans to expand to Delhi and Mumbai in the next two months. It is currently…

Genomics startup Mapmygenome raises $1.2M in pre-Series A from Rajan Anandan, others

mapmygenonia, funding news

Hyderabad-based Mapmygenome India Ltd, a genetic testing startup which offers a variety of services in the domains of personal genomics, molecular diagnostics, DNA forensics and brain wellness, has raised Rs 7 crore ($1.2 million) in a pre-Series A round from a bunch of angel investors, as per a company statement. The investors include Aarti Grover…

Bessemer Venture Partners raises $1.6B for new global fund

venture capital

Global venture capital and growth capital investor Bessemer Venture Partners (BVP) has raised $1.6 billion for its ninth fund BVP IX, the company said in a blog. The firm will focus on its current sectors along with exploring new areas of opportunity. BVP invests across sectors like consumer, internet, enterprise technology, mobile, cyber security, cloud…

Faaso’s Grabs the chocolaty $20 Mn From Lightbox & Sequoia In Series B

fasso

Pune-based tech focused QSR chain Faaso’s has grabbed $20 Mn in a fresh round of funding led by LightBox Ventures and Sequoia Capital. Of the total amount, $16 Mn is equity investment by Lightbox and Sequoia, and a $4 Mn debt. HISTORY Jaydeep Barman, a former McKinsey and Co executive alongwith Indian Institute of Management-Lucknow batchmate…

Rocket Internet’s huge appetite: Berlin giant pumps $717M into Hello Fresh and Delivery Hero

hellofresh, rocket

In one of its boldest bets ever, Berlin-based Rocket Internet announced today it was making massive investments in two of the world’s hottest food-delivery startups and creating a separate unit to oversee its sprawling empire of food-related stakes. Rocket invested $568 million in Delivery Hero, the Berlin-based e-commerce startup that facilitates delivery from local restaurants….

TrialReach Raises $13.5M Series B : HealthCare

TrialReach

TrialReach, a London based startup which works mainly for US healthcare market, has secured $13.5 million in Series B round of funding from Smedvig Capital along with participation from Amadeus Capital and Octopus Investments. The startup is using technology which is useful in matching the right patients with the right clinical trials. Clinical Trials are…

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